US home sales fall for the 3rd straight month in May as median price climbs past $419,000

The video discusses the real estate market in America, highlighting record high home prices and a continuous rise in prices for 11 months. Despite this, existing home sales have declined for three consecutive months. The market is characterized by high mortgage rates and low inventory, contributing to the current trends.

What organization reported the record high prices for existing homes in America?

• National Association of Realtors

• American Housing Association

• Real Estate Board of America

• United States Housing Bureau

For how many consecutive months did home prices increase as of May?

• 12 months

• 9 months

• 10 months

• 11 months

Which month saw the 11th consecutive increase in home prices?

• April

• June

• March

• May

What trend was observed in existing home sales over the past three months?

• Sales fluctuated

• Sales decreased

• Sales remained stable

• Sales increased

What factors are contributing to the decline in home sales?

• High mortgage rates and low inventory

• Stable mortgage rates and high inventory

• Fluctuating mortgage rates and stable inventory

• Low mortgage rates and high inventory